EVN AG / Key word(s): Legal Matter 23.11.2016 21:54 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- An arbitral tribunal has awarded the project company claims in the amount of approximately EUR 200 million in connection with the construction of the power plant Walsum 10 in which EVN AG holds an indirect stake of 49% (the "project company"). In December 2013, EVN AG, as stakeholder in the project company, gave its consent to the project company for the commencement of comprehensive legal steps against the general contractor consortium, Hitachi Ltd and Hitachi Power Europe GmbH, and the filing of an arbitration action against the consortium. The claims made in the complaint are based on damages suffered by the project company as a result of the delayed completion of the power plant Walsum 10 and encompass the pre-financed costs of repair, a flat-rate compensation for default, additional costs due to delay and further compensation. In the arbitral decision delivered today, an arbitral tribunal has awarded the claimant project company for the construction of the power plant Walsum 10 claims in an amount of approximately EUR 200 million. The arbitral decision will to a large extent result in a reduction of acquisition costs for the power plant and is thus currently expected to have no material effects on the financial results of EVN AG in the 2016/17 financial year. Maria Enzersdorf, 23 November 2016 LEGAL NOTICE THIS AD-HOC ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES OF EVN AG. THIS AD-HOC ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MUST NOT BE DISTRIBUTED TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED ("SECURITIES ACT")) OR TO PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS AD-HOC ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. Contact: Gerald Reidinger Head of Controlling and Investor Relations Phone: +43 2236 200-12698 E-mail: investor.relations@evn.at Stefan Zach Head of Information and Communication Phone: +43 2236 200-12294 E-mail: stefan.zach@evn.at 23.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: EVN AG EVN Platz 2344 Maria Enzersdorf Austria Phone: +43-2236-200-12294 Fax: E-mail: info@evn.at Internet: www.evn.at ISIN: AT0000741053 WKN: 074105 Indices: ATX Listed: Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------